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Remodelers’ Confidence Falls Three Points in First Quarter of 2019
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 54 in the first quarter of 2019, falling three points from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared
ABC Members Invest $1.6 Billion in Workforce Development Annually, New Survey Finds
According to the results of Associated Builders and Contractors’ 2019 Workforce Development Survey, ABC members invested $1.6 billion to educate their employees in 2018, up from $1.1 billion in 2013.
POAH, Housing and YMCA Foundations will Preserve Senior Housing in Chicago and Harvey, IL
Preservation of Affordable Housing (POAH) announced today that it is acquiring six senior housing facilities financed by HUD and previously or currently owned by YMCA Foundation entities.
Phoenix Home to 31,000 Dreamers and TPS/DED Holders Eligible for the Dream and Promise...
As Congress prepares to debate H.R. 6, the American Dream and Promise Act, a new Center for American Progress analysis provides estimates on the local impact of Dreamers and Deferred Enforced Departure (DED) and Temporary Protected Status (TPS) recipients
Independent Mortgage Bankers’ Production Volume and Profits Down in 2018
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report.
Builder Confidence Edges Higher in April
Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the low 60s for the past three months.
Acting Secretary Bernhardt Statement on President Trump’s Executive Orders Promoting Energy Infrastructure and Economic...
President Trump signed two Executive Orders promoting energy infrastructure and economic growth. Acting U.S. Secretary of the Interior David Bernhardt released the following statement. "Today’s executive orders to streamline permitting processes will further remove barriers to responsible development.
BLM SEEKS PUBLIC COMMENT ON PROPOSED LINCOLN COUNTY LAND SALES
The Bureau of Land Management Ely District, Caliente Field Office is proposing to offer six parcels (totaling approximately 248 acres) of public lands in Lincoln County, Nevada through a competitive sale. All parcels are located within five miles of the following communities: two parcels near Alamo, three parcels near Panaca
Trump Administration Signs Executive Orders to Fast Track Energy Infrastructure Permitting
The Trump Administration is expected to sign two executive orders making significant revisions to how the government regulates the transportation of energy across state and international lines.
Making Tax Deductions Permanent Will Expand Economic Growth, Says ABC
According to Associated Builders and Contractors, the U.S. construction industry is still benefiting from the Tax Cuts and Jobs Act, which has helped small business owners grow their companies and workforce since its passage in December 2017.
Mortgage Bankers’ Commercial/Multifamily Originations Rise to Record $573.9 Billion in 2018
Commercial and multifamily mortgage bankers closed a record $573.9 billion in loans in 2018, according to the Mortgage Bankers Association's (MBA) 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
Construction Input Prices Increase for the Second Straight Month, Says ABC
Construction input prices rose 1.7% in March on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. On a year-over-year basis, construction input prices are up 2.5%, and following a stretch of four consecutive months of input price decreases, March was the second straight month prices have risen in the aggregate.
Acting Secretary Bernhardt Statement on President Trump’s Executive Orders Promoting Energy Infrastructure and Economic...
President Trump signed two Executive Orders promoting energy infrastructure and economic growth. Acting U.S. Secretary of the Interior David Bernhardt released the following statement:President Trump
In-Depth Scrutiny of Published Data Improves Property Market Understanding: The Appraisal Journal
A detailed analysis of population and employment data, along with the use of fair share comparisons, increases the accuracy of assumptions made by appraisers when completing commercial valuation assignme
Ginnie Mae MBS Outstanding Increases to $2.058 Trillion
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $27.331 billion in March. A breakdown of February issuance includes $26.452 billion of Ginnie Mae II MBS and $879 million of Ginnie Mae I MBS, which includes $782 million of loans for multifamily housing
Center for Constitutional Rights Statement on Assange Arrest
The Center for Constitutional Rights issued the following statement concerning the arrest in London of journalist and WikiLeaks media publisher Julian Assange for purposes of extradition to the United States
President Trump Signs Executive Orders Paving the Way for Energy Infrastructure Development
U.S. Secretary of Energy Rick Perry issued the following statement after the signing of President Trump’s Executive Orders promoting energy infrastructure, economic growth and cross border permitting.
NRPA Reacts to Land and Water Conservation Fund Permanent Funding Act
Barbara Tulipane, CAE, president and CEO of the National Recreation and Park Association (NRPA) issued the following statement in response to the introduction of the Land and Water Conservation Fund Permanent Funding Act
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 5.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 5, 2019.
March New Home Purchase Mortgage Applications Increased 7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2019 shows mortgage applications for new home purchases increased 7 percent compared to a year ago.
